Business & Economy3 stories from 2 sources
SunCulture, a Kenyan climate-tech startup, has secured US$5 million in funding from WaterEquity to expand access to its solar-powered water pumps. French sustainable investment firm Mirova has committed up to US$10 million in debt funding to ARC Ride, a Nairobi-based electric mobility startup. This financing, Mirova's first EV deal in Sub-Saharan Africa, will support the deployment of over 600 battery-swapping cabinets. In a separate expansion, Bolt has launched Bolt Send, a new parcel delivery service in Kenya. The service leverages Bolt's ride-hailing app to cater to the country's e-commerce sector.
SunCulture, a Kenyan climate-tech startup, has secured US$5 million in funding from WaterEquity to expand access to its solar-powered water pumps across rural Africa. This investment is the first from WaterEquity's new Water & Climate Resilience Fund.
Summary & Analysis
Bolt has launched Bolt Send, a new parcel delivery service in Kenya, leveraging its existing ride-hailing app to cater to the country's expanding e-commerce sector and growing demand for logistics solutions.
Summary & Analysis
French sustainable investment firm, Mirova, has committed up to US$10 million in five-year debt funding to ARC Ride, a Nairobi-based electric mobility startup, marking its first electric vehicle deal in Sub-Saharan Africa. This financing will support the deployment of over 600 battery-swapping cabinets and 25,000 batteries.
Summary & Analysis
